The yield curve is flattening

2021-06-25

The yield curve is flattening and stocks are priced for perfection the odds are skewed to a big correction to wipe out all the unhealthy leverage before the next leg up...except for naked shorted meme stonks

JPMorgan is ‘very bullish’ on 12 global stocks

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MaxTay
2021-06-25
MaxTay
a kind speech will bring a kind response

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The bank’s analysts said they “hold a very bullish call on earnings for this year” in a note ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/24/jpmorgan-is-very-bullish-on-these-stock-picks.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>JPMorgan is ‘very bullish’ on 12 global stocks</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nJPMorgan is ‘very bullish’ on 12 global stocks\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-25 17:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/24/jpmorgan-is-very-bullish-on-these-stock-picks.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>JPMorgansays the next leg higher in equities is here as its analysts pick the global stocks to ride it. The bank’s analysts said they “hold a very bullish call on earnings for this year” in a note ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/24/jpmorgan-is-very-bullish-on-these-stock-picks.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"0HB5.UK":"法国巴黎银行","RXLSF":"Rexel SA","AMSYF":"ArcelorMittal","BARC.UK":"巴克莱银行","MG":"Mistras Group","COD.UK":"SAINT GOBAIN OR","0J6Y.UK":"法国兴业银行","EDPFY":"EDP Energias de Portugal SA","RXEEY":"Rexel SA","JFHHF":"Jupiter Fund Management Ltd.","VLVLY":"Volvo AB"},"source_url":"https://www.cnbc.com/2021/06/24/jpmorgan-is-very-bullish-on-these-stock-picks.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1168965172","content_text":"JPMorgansays the next leg higher in equities is here as its analysts pick the global stocks to ride it. The bank’s analysts said they “hold a very bullish call on earnings for this year” in a note published Monday, and listed their top global picks across a variety of sectors.\nThe analysts, led by JPMorgan’s Mislav Matejka, noted “substantial increases” in 2021 earnings per share (EPS) projections — a key indicator of a company’s profitability— for so-called cyclical stocks and said this trend looked set to continue. Cyclical stocks are those that tend to track the economy’s overall performance.\n“We believe that the next leg higher in equities is upon us,” they added.\nHere are a dozen of their top picks across Europe:\nFinancials\nJPMorgan likes British firms Barclays, M&G and Jupiter, as well as French companies Societe Generaleand BNP Paribas. Also on its list is Dutch firmING, and JPM is overweight all of the stocks. “Sector looks cheap, has underperformed, earnings are improving and stands to benefit from rising bond yields,” the bank’s analysts stated.\nUtilities\nThey also like electricity firms Enel and EDP, and are overweight-rated on the sector as a whole.\nMaterials and industrials\nThe bank’s picks include steel firm Arcelor Mittal, auto maker Volvo, construction materials firm Saint Gobain and electrical supplier Rexel, all of which are rated overweight.\n‘An opportunity’\nJPMorgan’s analysts noted that earnings per share “momentum” was likely reaching a peak, however this should not be negative for stocks. “Activity is expected to remain significantly above trend for the foreseeable future. This could ensure that forward earnings projections keep advancing, and that EPS revisions do not move back persistently into negative territory,” they wrote.\nThere is a widening gap between earnings between cyclicals and defensives — defensives tend to provide consistent earnings regardless of the market in general — with cyclical stocks “overwhelmingly” outperforming defensives, JPMorgan said. And the bank’s analysts think the gap will remain wide: “We do not expect the gap to close through forward earnings of Cyclicals peaking, especially not while the growth delivery is substantially above trend,” the analysts stated.\n“Therefore, this could be an opportunity, in particular if we get a resumption of the upmove in bond yields in 2H [second half],” they added. Investors often expect stock prices to fall when bond yields rise.\n“Regionally, we expect the outperformance of Eurozone vs the US so far this year to continue, in contrast to last year, when we were OW [overweight] US vs Europe,” the analysts added.","news_type":1},"isVote":1,"tweetType":1,"viewCount":41,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":false,"length":172,"xxTargetLangEnum":"ORIG"},"commentList":[{"id":5012056,"gmtCreate":1624615229934,"gmtModify":1663229995044,"authorId":3570873824164040,"author":{"id":3570873824164040,"authorId":3570873824164040,"name":"MaxTay","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":122692339,"type":1,"supId":0,"prevId":0,"content":"a kind speech will bring a kind response","text":"a kind speech will bring a kind response","html":"a kind speech will bring a kind response","likeSize":1,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0}],"isCommentEnd":false,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/122692339"}